Result of Annual General Meet

RNS Number : 2990E
Petra Diamonds Ld
17 December 2009
 





Immediate Release

17 December 2009



Petra Diamonds Limited

("Petra" or the "Company")


Result of Annual General Meeting 



Petra Diamonds Limited today held its Annual General Meeting ("AGM") and is pleased to confirm that all resolutions proposed to shareholders were duly passed, including the resolution to increase the Company's authorised share capital to 400 million shares.  Johan Dippenaar, CEO of Petra Diamonds, gave a presentation at the AGM and this is available on the Company's website: www.petradiamonds.com.



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For further information, please contact:


Cathy Roberts

Telephone: +44 20 7318 0452

Petra Diamonds, London

cathyr@petradiamonds.com 


Bobby Morse / James Strong

Telephone: +44 20 7466 5000

Buchanan Communications

bobbym@buchanan.uk.com

jamess@buchanan.uk.com


James Duncan / Nicola Taylor

Telephone: +27 11 880 3924

Russell & Associates

james@rair.co.za

nicola@rair.co.za 


Mike Jones / Ryan Gaffney

Telephone: +44 20 7050 6500

Canaccord Adams

mike.jones@canaccordadams.com 

ryan.gaffney@canaccordadams.com




About Petra Diamonds

Petra Diamonds is a leading supplier of rough diamonds. A number of acquisitions have established Petra as one of the world's largest independent diamond groups by resources, with a gross total resource base of 262 million carats. Petra increased its annual production fivefold in the year to June 2009 to over 1 million carats and the Company's objective is to continue to increase supply and develop its stature as a world-class diamond group.


In South AfricaPetra has interests in five producing mines - Cullinan, Koffiefontein, Helam, Sedibeng and Star - and has also agreed to acquire the Kimberley Underground mines from De Beers (this acquisition is expected to complete imminently). In TanzaniaPetra has an interest in the Williamson mine. 


These mines are noted for the production of valuable diamonds, but in particular the Cullinan mine is famed as the source of the largest rough gem diamond ever found. More recently, an internally flawless, fancy vivid blue diamond of 7.03 carats from the Cullinan mine sold for US$9.4 million, or US$1.35 million per carat, in May 2009 and a white diamond of over 507 carats was recovered in September 2009. A 168 carat white diamond recovered in the same production series as the 507 carat diamond was sold on 26 November 2009 for US$6.28 million.


Petra conducts all its operations according to the highest ethical standards, and will only work in countries which are members of the Kimberley Process.


The Company is quoted on the AIM market of the London Stock Exchange (AIM: PDL).

www.petradiamonds.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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